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Explain the fair credit reporting act

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Reference no: EM131650151

Article  : Need Credit or Insurance?  : Your Credit Score Helps Determine What You’ll Pay

Read the article and answer the following questions, check you calendar for due date:

1. Fully explain what steps are taken and how they determine a person's credit score?

2. Fully explain how and why insurance companies use your credit information?

3. Fully explain the Fair Credit Reporting Act and how it helps consumers?

4. Fully explain at least 3 things that you can do to strengthen your credit score? How does each help strengthen your score?

You should perform some additional research on your own to get a true background on the assignment.

Remember to document your sources and state that it is your opinion if presenting that.

Reference no: EM131650151

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